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ashaker
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Do you have any leadership/managerial responsibilities at work right now that you can project to B schools? Will you add significantly to your managerial responsibilities if you take up your new assignment? If the answer to the first question is no and the second is yes, then you probably should consider taking up the assignment.
If however you have enough quality experience to be able to showcase your leadership potential then I would say the extra year probably is not required for the mba apps.
Are there any other people who maybe willing to give your recos instead of your current and future supervisor?